Investing.com - New York Mortgage (NASDAQ:NYMT) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
New York Mortgage announced earnings per share of $-0.330 on revenue of $11.89M. Analysts polled by Investing.com anticipated EPS of $0.025 on revenue of $73.16M.
New York Mortgage shares are down 37% from the beginning of the year, still down 39.77% from its 52 week high of $4.40 set on November 8, 2021.
New York Mortgage follows other major Financial sector earnings this month
New York Mortgage's report follows an earnings beat by JPMorgan on October 14, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on October 17 with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.7816 on revenue of $23.56B.
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